Divvy Homes, the prop-tech startup that buys homes on behalf of renters and guides them to eventual ownership, announced Friday a new round of funding that nearly quadrupled its valuation to $2 billion.

Co-led by Tiger Global Management and Caffeinated Capital, Divvy’s latest round raised $200 million in equity, Divvy CEO Adena Hefets told Bloomberg. Existing investors and others including Andreessen Horowitz, Singapore’s GIC, GGV Capital and Moore Specialty Credit participated in the round, which pre-empted a capital raise that could have featured new investors, she said.

“We’re aiming to bring a legitimacy to alternative home financing options,” said details ⇒

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